pick your words a little better..a recession is defined by 2 consecutive quarters of negative growth in GDP..we haven't even had 1 yet...this is a market correction that was long over due due to the stopping of QE2 which artificially propped up the markets...nothing more, nothing less...unless of coarse some of our big financial institutions have a heavy exposure to the European debt crisis...ehem ehem Goldman....

Mon Aug 08, 2011 10:46 pm

Rich

Phinfever Live!, Blog Writer

Joined: Tue Jan 12, 2010 9:59 amPosts: 22491Location: Miami, FL

Re: Market takes a dump... recession part deux?

dolphan74 wrote:

pick your words a little better..a recession is defined by 2 consecutive quarters of negative growth in GDP..we haven't even had 1 yet...

Man what volatile times. 2 weeks ago I felt like I won the lottery looking at my portfolio. Now I gave it all back & then some. Did rebound a bit on Thursday & Friday however , maybe stabilization is here.Funny how long it takes for gas prices to decline however. They go up immediately when oil rises but when oil goes down it takes about a week to see a 2 cent drop in gas prices.

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Sat Aug 13, 2011 8:16 am

Rich

Phinfever Live!, Blog Writer

Joined: Tue Jan 12, 2010 9:59 amPosts: 22491Location: Miami, FL

Re: Market takes a dump... recession part deux?

FINesse wrote:

Funny how long it takes for gas prices to decline however. They go up immediately when oil rises but when oil goes down it takes about a week to see a 2 cent drop in gas prices.

Yup!

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Sun Aug 14, 2011 6:07 am

dolphan74

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Joined: Sat Aug 28, 2010 1:00 amPosts: 1287

Re: Market takes a dump... recession part deux?

what is even funnier is when there is unrest in the middle east gas and oil prices go up...even though the 2 countries we import the most oil from are mexico and canada

Tue Aug 16, 2011 12:41 am

Rich

Phinfever Live!, Blog Writer

Joined: Tue Jan 12, 2010 9:59 amPosts: 22491Location: Miami, FL

Re: Market takes a dump... recession part deux?

dolphan74 wrote:

what is even funnier is when there is unrest in the middle east gas and oil prices go up...even though the 2 countries we import the most oil from are mexico and canada